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blackie

Based On Today Market, Should One Sell Or Rent Out The Condo?

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It is literally a Million $$$ question bro.. Haha

Let's face it. Be it sell or rent, the market is not in your favor.

Hence the best person to answer this question is u..

 

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Agreed then again hope to get some advise from property gurus to nail the decision. Unfortunately till now didnt get any perhaps most of them already jump ship? :)

 

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The question posed is both an investment & financing decisions. You are the CEO and CFO now :sport-smiley-018:

Need cash/liquidity to turn around?

Needs for other better investment opportunities?

No holding power? Worry interest would go up next year?

Rental= stream of cash inflowS to your pocket, perpetually = GOLDEN EGG

Sell = one time cash inflow then 'finish' = KILLING GOOSE!

Too bad, I can't impart you the capital budgeting techniques here, try read up.

Do you know what is 'capital gain' and 'dividend gain'?

Your situation is like holding a stock in stock market

Capital gain = buy low sell high, get the difference

Dividend = rental income

Too low the rental? Location no good?

Intend to sell to get $ buying another 'better' property?

......

If not all these, hold and wait, tide will come.

Edited by bepgof
 

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Thank you guys for the pointers!! Seems like rental is the way to go. Planning to get rid of it to purchase another smaller unit. Too bad peoperty not like car, can do an overtrade? I might be wrong :)

 
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If you rental still can cover your monthly instalment then I think renting still better. Unless you have already earned enough from this property (30% and above) then maybe sell it and look for another good buy?

 
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If you rental still can cover your monthly instalment then I think renting still better. Unless you have already earned enough from this property (30% and above) then maybe sell it and look for another good buy?

Ok yalor. Rental can defintely cover the monthly installment. Ya yalor

 

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Ok yalor. Rental can defintely cover the monthly installment. Ya yalor

I think its hard to find buyer now unless your price is attractive enough like 5% lower than your neighbour but still you can test the market by engaging an agent to advertise for you.

 

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